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You hold some shares of BMW in Frankfurt. The share price 750 Euros, and a gross dividend of 30 Euros paid. The current exchange rare
You hold some shares of BMW in Frankfurt. The share price 750 Euros, and a gross dividend of 30 Euros paid. The current exchange rare is 1.15 $/Euro. The German government imposes a 15% withholding tax on dividends paid to U.S. investors. your marginal tax rate is 30%. What dividend per share will you receive in U.S. dollars.
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